Market News of Note

Financing reflects strong confidence from the banking market.

The Company intends to use the proceeds from the offering to redeem all of its outstanding US$206 million aggregate principal amount of 5.125% Senior Notes due January 15, 2026, to repay a portion of the borrowings outstanding under its revolving credit facility and to pay related transaction fees and expenses.

Kimberly-Clark expects that its common stock will cease trading on the NYSE at market close on Thursday, May 29, 2025, and will commence trading on Nasdaq on Friday, May 30, 2025.

Net sales for the first quarter of 2025 remained flat at $724 million.

Adjusted EBITDA of $49 million and Net Loss of $35 million

Sales of $1,154 million (compared with $1,211 million in Q4 2024 and $1,109 million in Q1 2024)

Sales of $484.8 million decreased 3.1% year over year, and 0.2% on an organic basis

GAAP: Net sales of $824 million, Operating income of $4 million.

Canada and the United States have been without a softwood lumber deal since 2015 and B.C. softwood lumber exporters pay duties of 14.4 per cent with those expected to jump to 34.5 per cent in the fall.

Net income of $27 million ($0.65 per diluted share) vs. $81 million ($1.94 per diluted share)

Net Loss for the quarter of $32 million, a $30 million decline from prior year quarter.

Q1 2025 operating loss of $29 million; shareholder net loss of $31 million, or $0.26 per share.

Suzano, the world's largest pulp producer, announces its first quarter results for 2025 (1Q25) with record net revenue of R$11.6 billion, up 22% on the same quarter last year (1Q24). The result was driven by the exchange rates, increased pulp sales volumes from the new Ribas do Rio Pardo mill, higher paper volume and prices and the positive contribution from our paperboard mills recently acquired in the U.S.

Mondi PLC reported on Thursday its profitability was robust for the first quarter of 2025, crediting a rise in sales volumes and cost-control efforts.

Revenue was $546.1 million in Q1 2025 compared to $479.4 million in Q1 2024, an increase of $66.7 million or 13.9%.

Operations generated $2.8bn in 2024 in three countries with eight mills and two conversion facilities.

"Most of our customers that export, especially to the U.S., really don't know what the price of their goods is going to be," said Cristian Infante, who heads Copec's forestry arm Arauco, in a presentation. "So they're trying to buy as little as possible."

Kimberly-Clark expects that its common stock will cease trading on the NYSE at market close on Thursday, May 29, 2025, and will commence trading on Nasdaq on Friday, May 30, 2025.

Kimberly-Clark slashed its annual profit forecast on Tuesday as the Kleenex tissue maker said it would incur about $300 million in costs this year due to U.S. President Donald Trump's broad trade tariffs.

Unifor is calling for a large-scale Team Canada approach to support the forestry sector across Canada after the U.S. Department of Commerce's recent announcement that will more than double the combined duties on Canadian softwood lumber.

Nordic Paper is currently reviewing options for its long term financing. Due to this, the Board of Directors of Nordic Paper has decided to propose no dividend for the financial year 2024 to the Annual General Meeting to be held on 28 May 2025.

The US president's proposal to increase domestic lumber production by expanding logging on federal lands faces major obstacles, including labor shortages, infrastructure deficiencies, and investment risks.

U.S. President Donald Trump's tariff threat could motivate more Canadian lumber producers to shift to the U.S. southern border while accelerating efforts to find new markets, industry experts said.

Looking further ahead to 2027, International Paper predicts its free cash flow to be in the range of $2 billion to $2.5 billion.

Last week, Rottneros issued a profit warning due to rising raw material prices, the world market's declining demand for mechanical pulp and an increasingly weaker dollar exchange rate. The Group is now giving notice of redundancy for 47 people, most of those affected are working at Rottneros Mill in Sunne.